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132 East Delaware Place, AP...

Shirley And Pat Ryan Sell Chicago Condo For $1.3 Million With Buyer's Rep Carrie McCormick
SOLDCondo

Shirley And Pat Ryan Sell Chicago Condo For $1.3 Million With Buyer's Rep Carrie McCormick

132 East Delaware Place, APT 6202

$1,300,000

$476/SF

Building Size

2,727 SF

Asset Type

Condo

Closing

Dec 18, 2024

AI

The property involved in the transaction is a 2,727-square-foot condo located at 132 East Delaware Place, Chicago. This unit is situated on the 62nd floor of the Four Seasons Hotel Chicago and features 11-foot ceilings with lake views. It was sold for $1,300,000, a loss relative to its purchase price in 1989.

Summary of transaction details:

The sellers, Shirley and Pat Ryan, have retained ownership of a larger neighboring unit that is currently listed for $2,300,000. The buyer of the condo is an oral surgeon who has acquired the southeast-facing unit.

Players

Carrie McCormick

At Properties Commercial

Broker

$109.1M

vol

34 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93